• Michael Reich


The Ups and Downs of Minimum Wage Policy: The Fair Labor Standards Act in Historical Perspective. Michael Reich, September 11, 2015, Paper. "I provide here a historical overview of the impact of minimum wage legislation enacted over 75 years ago in the Fair Labor Standards Act (FLSA) of 1938 and as amended subsequently on numerous occasions. Given elected officials' caution today about raising the minimum wage in bad economic times, the timing of the passage of the FLSA is remarkable. After a long and heated political debate, Congress passed the FLSA in 1938, establishing a nationwide minimum wage of $0.25 per hour... " Link